Egypt's 1.2 GWp Nefer Minya solar and storage project secures up to $566 million in debt

Infinity Power and Hassan Allam Utilities Energy (HAU) have secured a debt package of up to $566 million for Nefer Minya, a 1.2 GWp solar plant with 600 MWh of battery storage in Minya. The EBRD is providing a $160 million A-loan, Bank of Jordan a $75 million B-loan and the CIF Clean Technology Fund up to $30 million. Total project cost is $764 million.

Why it matters

It shows utility-scale battery storage attracting multilateral and commercial debt in Africa.

Source: Enterprise · 21 October 2026

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